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Deer Star 8.20 Early Morning Analysis and Operation Suggestions
The market for Bitcoin is leaning towards a volatile downward trend, with the contest for the support level of $112,000 being a key turning point. The 4-hour MACD shows that the fast and slow lines are below the zero axis, with the green bars shortening but not reversing, indicating a bearish short-term volatility.
Overall, the bearish atmosphere still dominates, but there are conflicting signals between the indicators. The gain or loss of the $112,000 support level will dictate the subsequent direction. Therefore, we focus primarily on short positions.
Operation Suggestions:
Around 113800-114300 is empty, looking down at 112800. Further looking at around 111900.
The strategy to break through 115000 needs adjustment. Set a stop loss based on your own situation.
(Personal opinions are for reference only, everything is subject to the actual market!)